The Brazilian government announced DREX as the state's digital currency, the idea being that it is the digital real, but many of the dangers of this initiative are not exposed to the general public as they should be.

DREX represents total power of money to the government and its politicians and zero power to the people and those who fight to earn their money.

DREX has a token format, exactly like the scam tokens that we see on the market, according to what was announced, it is being created using the ethereum blockchain as a base.

Okay, but where is the danger of DREX?

DREX is a smart contract with functions that if they were in any currency on the market, it would be called a scam, without fear of making a mistake.

1 Blocking of funds i.e. the government may block funds from the user's wallet.

2 Freezing of funds i.e. the government will be able to freeze user funds.

3 Blocking use, meaning the government will be able to prevent the user from spending the money on anything other than what that money was designated for.

Can you understand the risks of this? Can you understand how much power we are handing over to politicians on a platter?

Remembering that the government will have this power without needing any effort, just calling a function in the contract, that is, today there are banks and many people can mistakenly compare this with their money in the bank, but no!

There is no similarity, when your money is in the bank there is a whole bureaucracy for the government to access and it involves many people, there is the principle of privacy to be respected, not with DREX, the government just needs to activate a function in the contract and it will do the job. whatever you want with your money, remembering that what provides this type of authority for the issuer is precisely the currency within the blockchain.

If DREX were a private sector currency it would be the biggest scam of all time, considering that the issuer is the only one who has authority in the contract and the user, as always, will once again just pay the bill.

Cryptocurrencies emerged to be the opposite of DREX, Bitcoin emerged to give the user power and control over their money, DeFi emerged to give the individual user privacy and access to finance mechanisms.

Be careful with DREX, think carefully! Remember that every 4 years politicians change and with each change we will be giving total control of our money to them.

#brl #drex #crypto #defi #cryptocurrencies

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